[Chainlink and Stablecoin Standard join forces to promote stablecoin adoption and establish industry standards]
Chainlink Labs and Stablecoin Standard, a consortium of stablecoin issuers, have announced an exclusive partnership aimed at driving stablecoin adoption. This collaboration will leverage Chainlink’s technical solutions such as Price Feeds, CCIP, and Proof of Reserve to enhance a transparent and secure cross-chain stablecoin model.
Founded in 2022, Stablecoin Standard is a collective forum for stablecoin providers to share best practices and establish standards. Chainlink is the leading decentralized oracle network, providing secure and reliable connectivity and supporting over $9 trillion in transaction value.
Key points of the cooperation include leveraging Chainlink’s technology to provide an accurate price benchmark for stablecoins, enabling cross-chain transfers through CCIP, and using Proof of Reserve to enhance trust and stability. In addition, the two parties will jointly promote market education, public awareness activities and the development of new stablecoin models.
This collaboration will not only combine Chainlink’s advanced technology with Stablecoin Standard’s industry influence, but will also bring a new decentralized model to the rapidly growing asset class of stablecoins. This helps enable a secure, transparent stablecoin market and accelerates its mass adoption.
According to data from the CoinCo decentralized exchange, Chainlink (LINK) is currently priced at $14.63, having grown 4.62% in the past 24 hours, ranking 11th in market capitalization.
